Private sector banks were once considered to be more accountable with stringent regulatory practices in place. Yes Bank crisis has undermined these assumptions.
Govt can do more with its money. But question is how much political capital it’s willing to spend on economic reform, which could upset one section or another.
Doubts over foreign bidders, including Canada’s Erwin Singh Braich and Hong Kong-based SPGP Holdings, have triggered concerns that RBI might not allow them to take ownership stakes.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
Good decision on the part of the Maharashtra govt. It is only the public sector banks that are catering to the needs of masses across the length and breadth of India. They have their branches in all the nook and corners of the country. They open their branches even in the remotest corners and serving the people. Whereas private banks only cater to a class of people who have a high net worth. Private sector banks never give priority sector advances and they only give secure advances with a high rate of interest.
The very banking methods were paralysed by the decision taken against the nationalized banks by earlier governments are showing the worst impact now in the sector..the nationalized are now saviors for the dying private banks who rode on the unethical banking in the past. A good lesson is thought now and all should follow Maha Government decision..it is an eye opening to all Pvt sector banks and they are bursted now..
Painful, but necessary. Cooperative banks are a ticking time bomb which the RBI should defuse in good time. There was a conflict of interest in placing state government funds in Axis Bank. One understands the RBI’s anxiety to prevent what amounts to a mini run on private banks. However, they have brought it upon themselves. It is possible that it is leaning on a number of banks to rescue Yes Bank, something which they may not have done on purely commercial considerations.
Where can i find this particular circular?
Is Canara Bank included in the list of the PSU banks?
Bold and fair decision by Thackeray.
Good decision on the part of the Maharashtra govt. It is only the public sector banks that are catering to the needs of masses across the length and breadth of India. They have their branches in all the nook and corners of the country. They open their branches even in the remotest corners and serving the people. Whereas private banks only cater to a class of people who have a high net worth. Private sector banks never give priority sector advances and they only give secure advances with a high rate of interest.
The very banking methods were paralysed by the decision taken against the nationalized banks by earlier governments are showing the worst impact now in the sector..the nationalized are now saviors for the dying private banks who rode on the unethical banking in the past. A good lesson is thought now and all should follow Maha Government decision..it is an eye opening to all Pvt sector banks and they are bursted now..
These people will sink great psu institutions by their crony capitalism
Great move
That’s honesty.
Honest govt keeping money safe.
Great .
Painful, but necessary. Cooperative banks are a ticking time bomb which the RBI should defuse in good time. There was a conflict of interest in placing state government funds in Axis Bank. One understands the RBI’s anxiety to prevent what amounts to a mini run on private banks. However, they have brought it upon themselves. It is possible that it is leaning on a number of banks to rescue Yes Bank, something which they may not have done on purely commercial considerations.
I agree with this move. The RBI has lost all credibility as a regulator primarily because of incompetent people running it.